Latest Services http://www.epcg.net.in Latest Services 17-05-03 en-us http://www.epcg.net.in Advance Authorisation Scheme Services http://www.epcg.net.in/advance-authorisation-scheme-services.htm Wed, 02 Nov 2016 00:00:00 +0530 Our is a prominent name in the industry for providing excellent Advance Authorisation Scheme Services in order to enable a duty free input imports that are integrated in the export product. We also provide allowance for fuel, energy, oil, and catalysts used for obtaining an export product. We have professional exporters who can import the raw materials along with its inputs under complete duty exemption schemes. Under the aforementioned category, the importer is required to contact the concerned licensing authority (DGFT). Once the authority fulfills the essential obligations, your company is allowed to sell any type of manufactured products in the Indian market. If you would like to include more information about the advanced authorization scheme, then you can share the views and experience below. Duty Free Import Authorisation Scheme Services http://www.epcg.net.in/duty-free-import-authorisation-scheme-services.htm Wed, 02 Nov 2016 00:00:00 +0530 Our organization is engaged in providing duty free import authorization scheme that is mainly issued for the allowance of duty free inputs import. We also provide allowance for the import of catalyst and oil that is used in the procedure of export product. The provisions of paragraphs 4.18, 4.12, 4.24, 4.20 and 4.21 of FTP are also applicable to DFIA.  Duties Exempted and Admissibility of Cenvat : The payment of basic customs duty can only exempt duty free import authorization. The additional customs duty or excise duty is supposed to be adjusted as CENVAT credit according to the DoR rules. Drawbacks :Be it indigenous or imported duty paid inputs in the export product, the drawback as per the determined rate and fixed by the Central Excise authority is supposed to be available. If the drawback is claimed for the inputs of unspecified SION, the applicant is required to indicate clear details of duty paid inputs in the application filled for duty free import authorization. In addition, the regional authority is supposed to keep clear endorsement details of the duty paid inputs in their duty free import authorization condition sheet.   Eligibility : Duty Free Import Authorisation shall be issued on post export basis for products for which Standard Input Output Norms have been notified. Merchant Exporter shall be required to mention name and address of supporting manufacturer of the export product on the export document viz. Shipping Bill / Airway Bill / Bill of Export / ARE-1 / ARE-3.   Import Export Code Services http://www.epcg.net.in/import-export-code-services.htm Wed, 02 Nov 2016 00:00:00 +0530 An Import Export Code Services is required for an organization to enter the business of import and export unless the company is exempted specifically. The import export code is a unique number that is given to an exporter and importer by the respective authority. Anyone can fill the application for import export code if he/she is not a lunatic, blacklisted personality or a minor. In addition, a single firm can attain only one import export code. For this, the company has to apply to the concerned JDGFT for attaining an IEC no. for import/export. We render IEC Services and Import Export Code services at competitive charges.   The requisites to apply for the IEC number are as follows : Application Form NO. ANF2A, duly filled, in duplicate. Bank Certificate with attested photo, as per Appendix 18A of Form Two passport size photographs of the applicant Copy of Pan Card Number Draft of RS.250/- favoring concerned JDGFT Self addressed envelope duly stamped with RS.30/-stamp. In case the applicant is a partnership firm, apart from above requisites following IS also required Self attested copy of partnership deed An authority in favor of partner to act on behalf of the firm for obtaining IEC IS also required. In case the applicant is a company, apart from above requisites following is also required. Memorandum of articles of association Details of directors at the time of applying for IEC number Resolution in favor of a director to act on behalf of the company for obtaining IEC number. We Assist You In : Obtaining IEC number Revalidation of existing IEC number Modification in IEC with regard to any change in pre-existing address, partners, etc. Deemed Export Services http://www.epcg.net.in/deemed-export-services.htm Wed, 02 Nov 2016 00:00:00 +0530 Based in New Delhi (India), our organization is instrumental in rendering reliable Deemed Export Services. The term “Deemed Exports” refers to the transactions where the supplied goods do not leave the country, and the payment for these kind of supplies is received either in free foreign exchange or in Indian rupees. The supply of goods given in the below mentioned paragraph 7.02 shall be considered as “Deemed Exports” that are provided for goods manufactured in India.   Categories of Supply :Supply of goods under following categories (a) to (d) by a manufacturer and under categories (e) to (h) by main / sub-contractors shall be regarded as “Deemed Exports”:A. Supply by manufacturer : Supply of goods against Advance Authorisation / Advance Authorisation for annual requirement / DFIA; Supply of goods to EOU / STP / EHTP / BTP; Supply of capital goods against EPCG Authorisation; Supply of marine freight containers by 100% EOU (Domestic freight containers-manufacturers) provided said containers are exported out of India within 6 months or such further period as permitted by customs B. Supply by main / sub-contractor (s) : Supply of goods to projects financed by multilateral or bilateral Agencies / Funds as notified by Department of Economic Affairs (DEA), MoF, where legal agreements provide for tender evaluation without including customs duty. Supply and installation of goods and equipment (single responsibility of turnkey contracts) to projects financed by multilateral or bilateral Agencies/Funds as notified by Department of Economic Affairs (DEA), MoF, for which bids have been invited and evaluated on the basis of Delivered Duty Paid (DDP) prices for goods manufactured abroad. Supplies covered in this paragraph shall be under International Competitive Bidding (ICB) in accordance with procedures of those Agencies / Funds. A list of agencies, covered under this paragraph, for deemed export benefits, is given in Appendix 7A. EPCG Services http://www.epcg.net.in/epcg-services.htm Wed, 02 Nov 2016 00:00:00 +0530 EPCG Scheme or Export Promotion Capital Goods Schemes fulfills the import requirements of capitalized goods. This helps in the production of quality services and goods that contributed in enhancing India’s competitiveness for export.  EPCG Scheme : EPCG Scheme enables the import of capitalized goods for convenient pre-production, production and post-production at Zero customs duty. In addition, the authorization holder can procure the goods from indigenous sources as per the provisions of paragraph 5.07 of FTP. The capital goods are utilized for the purpose of the EPCG scheme that includes: Capital Goods as defined in Chapter 9 including in CKD/SKD condition thereof; Computer software systems; Spares, moulds, dies, jigs, fixtures, tools & refractory for initial lining and spare refractory; and Catalysts for initial charges plus one subsequent charge. Under the EPCG schemes, the capital goods import for projects imports is notified by the Central Board of Excise and Customs.   The import under EPCG Scheme is subject to an export obligation that is equivalent to 6 times of the duty saved on capital goods. From the date of authorization issue is required to be fulfilled in 6 years. MEIS Services http://www.epcg.net.in/meis-services.htm Wed, 02 Nov 2016 00:00:00 +0530 Deeply rooted in New Delhi (India), we are an organization that is instrumental in rendering excellent MEIS Services to the clients at affordable charges. Merchandise export from India scheme or MEIS is a scheme introduced in the foreign trade policy of India. The duty credit scripts are usually granted under this scheme as a reward. Our MEIS services are easily accessible and reasonably charged.   Exports from India Schemes :There shall be following two schemes for exports of Merchandise and Services respectively: Merchandise Exports from India Scheme (MEIS). Service Exports from India Scheme (SEIS). Duty Credit Scrips shall be granted as rewards under MEIS and SEIS. The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable. The Duty Credit Scrips can be used for : Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A. Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification. Payment of service tax on procurement of services as per DoR notification. Payment of Customs Duty and fee as per paragraph 3.18 of this Policy. Free Foreign Exchange earned through international credit cards and other instruments, as permitted by RBI shall also be taken into account for computation of value of exports under MEIS. Merchandise Exports from India Scheme (MEIS) as per Import Export Policy 2015-20 (FTP 2015-20)Objective of Merchandise Exports from India Scheme (MEIS) under Indian Foreign Trade Policy 2015-20 (FTP 2015-20) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced/manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.Entitlement under MEIS :Exports of notified goods/products with ITC [HS] code, to notified markets as listed in Appendix 3B Table I, shall be rewarded under MEIS. Appendix 3B Table 2 also lists the rate(s) of rewards on various notified products [ITC (HS) code wise]. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in free foreign exchange, whichever is less, unless otherwise specified.Ineligible categories under MEISThe following exports categories /sectors shall be ineligible for Duty Credit Scrip entitlement under MEIS : MEIS not available for EOUs / EHTPs / BTPs/ STPs who are availing direct tax benefits / exemption. MEIS not available for Supplies made from DTA units to SEZ units MEIS not available for Export of imported goods covered under paragraph 2.46 of FTP MEIS not available for Exports through trans-shipment, meaning thereby exports that are originating in third country but transshipped through India; MEIS not available for Deemed Exports; MEIS not available for SEZ/EOU/EHTP/BPT/FTWZ products exported through DTA units; MEIS not available for Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified in Appendix 3B. MEIS not available for Service Export. MEIS not available for red sanders and beach sand. MEIS not available for export products which are subject to Minimum export price or export duty. MEIS not available for diamond Gold, Silver, Platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones. MEIS not available for ores and concentrates of all types and in all formations. MEIS not available for cereals of all types. MEIS not available for sugar of all types and all forms. MEIS not available for crude / petroleum oil and crude / primary and base products of all types and all formulations. MEIS not available for export of milk and milk products. MEIS not available for export of Meat and Meat Products. MEIS not available for products wherein precious metal/diamond are used or Articles which are studded with precious stones. MEIS not available for exports made by units in FTWZ. SEIS Services http://www.epcg.net.in/seis-services.htm Wed, 02 Nov 2016 00:00:00 +0530 Ours is an acknowledged name in the industry that is instrumental in rendering reliable solutions for SEIS. Along with MEIS, the SEIS also come under the foreign trade policy. The major objective of Service export from India scheme is to encourage the export of reported services from India. Thus, our SEIS services are available at moderate charges. Under the SEIS services, we help you in attaining duty script credits for the eligible exports.   Objective : Objective of Service Exports from India Scheme (SEIS) is to encourage export of notified Services from India.Eligibility : Service Providers of notified services, located in India, shall be rewarded under SEIS, subject to conditions as may be notified. Only Services rendered in the manner as per Para 9.51(i) and Para 9.51(ii) of this policy shall be eligible. The notified services and rates of rewards are listed in Appendix 3D for SEIS Such service provider should have minimum net free foreign exchange earnings of US$15,000 in preceding financial year to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in preceding financial year. Payment in Indian Rupees for service charges earned on specified services, shall be treated as receipt in deemed foreign exchange as per guidelines of Reserve Bank of India. The list of such services is indicated in Appendix 3E. Net Foreign exchange earnings for the scheme are defined as under: Net Foreign Exchange = Gross Earnings of Foreign Exchange minus Total expenses / payment / remittances of Foreign Exchange by the IEC holder, relating to service sector in the Financial year. If the IEC holder is a manufacturer of goods as well as service provider, then the foreign exchange earnings and Total expenses / payment / remittances shall be taken into account for service sector only. In order to claim reward under the scheme, Service provider shall have to have an active IEC at the time of rendering such services for which rewards are claimed. Ineligible categories under SEIS : SEIS not availbale for Foreign exchange remittances other than those earned for rendering of notified services would not be counted for entitlement. Thus,  other sources of foreign exchange earnings such as equity or debt participation, donations, receipts of repayment of loans etc. and  any other inflow of foreign exchange, unrelated  to  rendering  of  service, would  be  ineligible. Following shall not be taken into account for calculation of entitlement under the SEIS  scheme A. Foreign Exchange remittances : Related to Financial Services Sector : SEIS not applicable for raising of all types of foreign currency Loans; SEIS not applicable for export proceeds realization of clients; SEIS not applicable for Issuance of Foreign Equity through ADRs / GDRs or other similar instruments; SEIS not applicable for Issuance of foreign currency Bonds; SEIS not applicable for Sale of securities and other financial instruments; (vi) Other receivables not connected with services rendered by financial institutions; and SEIS not applicable for Earning through contract/regular employment abroad (e.g. labour remittances) : SEIS not applicable for Payments for services received from EEFC Account; SEIS not applicable for Foreign exchange turnover by Healthcare Institutions like equity participation, donations etc. SEIS not applicable for Foreign exchange turnover by Educational Institutions like equity participation, donations etc. SEIS not applicable for Export turnover relating to services of units operating under SEZ / EOU / EHTP / STPI / BTP Schemes or supplies of services made to such units; SEIS not applicable for Clubbing of turnover of services rendered by SEZ / EOU /EHTP / STPI / BTP units with turnover of DTA Service Providers; SEIS not applicable for    Exports of Goods. SEIS not applicable for Foreign Exchange earnings for services provided by Airlines, Shipping lines service providers plying from any foreign country X to any foreign country Y routes not touching India at all. SEIS not applicable for Service providers in Telecom Sector Status Holder Certificate Services http://www.epcg.net.in/status-holder-certificate-services.htm Wed, 02 Nov 2016 00:00:00 +0530 Under the below mentioned categories, the exports undertaken by IEC holders shall be given more importance for the calculation of the performance of export for the grant of status. Micro, Small & Medium Enterprises (MSME) as defined in Micro, Small & Medium Enterprises Development (MSMED) Act 2006. Manufacturing units having ISO/BIS. Units located in North Eastern States including Sikkim and Jammu & Kashmir. Units located in Agri Export Zones.   Only one star export house status category should be granted double weightage.   The following categories are not eligible for providing more importance: Two Star Export House Three Star Export House Four Star export House Five Star Export House A consignment can obtain double weightage only once in any one of above categories.   The following are the other conditions for grant of status : Export performance of one IEC holder shall not be permitted to be transferred to another IEC holder. Hence, calculation of exports performance based on disclaimer shall not be allowed. Exports made on re-export basis shall not be counted for recognition. Export of items under authorization, including SCOMET items, would be included for calculation of export performance.